Fiserv to Supply Output Services to Putnam Investments
Fiserv to Supply Output Services to Putnam Investments
September 29, 2005
Fiserv to Supply Output Services to Putnam InvestmentsBROOKFIELD, Wis.--Sept. 29, 2005--Fiserv Inc. (Nasdaq:FISV) said its Personix business will supply output services to Putnam Investments through an agreement that will bring Personix a significant distribution center in the Northeast.
The former Putnam Distribution Center provides a broad range of output services, including computer print and automated mailing, fulfillment and offset printing. The business will become the cornerstone for a new Personix Boston operation, strengthening Personix's distribution footprint and reinforcing its leadership position in the investment services marketplace. The staff of the Putnam Distribution Center will become Fiserv employees.
"This is a partnership that was desired by all parties involved," said Jorge Diaz, president of the Fiserv Output Solutions Division. "We are excited to add the Distribution Center to our nationwide network and honored that Putnam Investments chose Personix as its output services partner. This move underscores our commitment to the investment services marketplace and the Distribution Center provides our clients added fulfillment capabilities and a state-of-the-art operation."
The Personix Boston facility will be led by the existing management team and will report to Jeff Richards, senior vice president and general manager of Personix Indianapolis and chairman of the Personix Operations Committee. "This facility is a world-class operation with top-notch people and technology," Richards said. "We see a strong fit with our other operating units in terms of performance, culture and client focus."
Personix, a unit of Fiserv, Inc., is a provider of business-critical communications to the financial services, healthcare, telecommunications, investment services and retail markets. Personix provides high-volume laser printing, mailing and electronic document delivery solutions and plastic card manufacturing, personalization and mailing services to more than 9,000 clients worldwide. Personix is on the Internet at www.personix.com.
Fiserv, Inc. (Nasdaq:FISV) is a provider of information management systems and services to the financial and health benefits industries, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv was ranked the largest provider of information technology services to the U.S. financial services industry in the 2004 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com.
The former Putnam Distribution Center provides a broad range of output services, including computer print and automated mailing, fulfillment and offset printing. The business will become the cornerstone for a new Personix Boston operation, strengthening Personix's distribution footprint and reinforcing its leadership position in the investment services marketplace. The staff of the Putnam Distribution Center will become Fiserv employees.
"This is a partnership that was desired by all parties involved," said Jorge Diaz, president of the Fiserv Output Solutions Division. "We are excited to add the Distribution Center to our nationwide network and honored that Putnam Investments chose Personix as its output services partner. This move underscores our commitment to the investment services marketplace and the Distribution Center provides our clients added fulfillment capabilities and a state-of-the-art operation."
The Personix Boston facility will be led by the existing management team and will report to Jeff Richards, senior vice president and general manager of Personix Indianapolis and chairman of the Personix Operations Committee. "This facility is a world-class operation with top-notch people and technology," Richards said. "We see a strong fit with our other operating units in terms of performance, culture and client focus."
Personix, a unit of Fiserv, Inc., is a provider of business-critical communications to the financial services, healthcare, telecommunications, investment services and retail markets. Personix provides high-volume laser printing, mailing and electronic document delivery solutions and plastic card manufacturing, personalization and mailing services to more than 9,000 clients worldwide. Personix is on the Internet at www.personix.com.
Fiserv, Inc. (Nasdaq:FISV) is a provider of information management systems and services to the financial and health benefits industries, including transaction processing, outsourcing, business process outsourcing and software and systems solutions. The company serves more than 16,000 clients worldwide, including banks, credit unions, financial planners/investment advisers, insurance companies and agents, self-insured employers, lenders and savings institutions. Headquartered in Brookfield, Wis., Fiserv reported $3.4 billion in processing and services revenues for 2004. Fiserv was ranked the largest provider of information technology services to the U.S. financial services industry in the 2004 FinTech 100 survey by the American Banker newspaper and the Financial Insights research firm. Fiserv can be found on the Internet at www.fiserv.com.